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Abramovich Sets To Sell Chelsea For £2bn

Gbemileke Ajayi

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Chelsea owner Roman Abramovich has hired New York bank Raine Group in preparation for selling off the club, according to The Sunday Times.

The bank is said to have valued the club at £2 billion and Chelsea have engaged their advisors after they helped Manchester City sell a 13 per cent stake in the club to China Media Capital for £265 million in 2015.

It is unclear whether they would look for new owners or to sell a stake in the club which Abramovich bought for £140 million in 2003 but the move comes at a critical time for Chelsea, who look overwhelmed by the scale of the wealth of clubs such as Manchester City and Paris Saint Germain.

In May, following the political sanctions Great Britain imposed on Russia in response to the Salisbury poisoning, Chelsea announced that Abramovich was putting off a proposed £500 million expansion of Stamford Bridge.

They have failed to qualify for the Champions League for the second time in three years, having previously qualified for the competition every year since Abramovich took over.

They have also still to convince Eden Hazard to sign a new contract or risk having to sell him to Real Madrid next summer when he will have just one more year on his deal.

Chelsea needs to rebuild the team under new manager Maurizio Sarri after having allowed talents such as Mo Salah, Kevin de Bruyne and Romelu Lukaku to leave the club in recent years.

Chelsea has enjoyed a long spell of success since Abramovich completed his takeover in the summer of 2003.

They became the first London club to the win the Champions League in 2012, as well as earning five of their six league titles in this period.

However, more inconsistent league finishes recently and the rise of uber-rich Man City have ended this dominant period.

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SPORT

Nigeria Set To Lose Obafemi To Ireland

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Michael Obafemi is in line to make his senior international bow at some stage on Thursday after making the final squad for the games against Northern Ireland and Denmark.

The Southampton striker has recently broken into the Saints’ matchday squad, with two appearances off the bench in the last few weeks, and has been rewarded with a first call-up.

Obafemi was born in Dublin and grew up in England, while he’s also eligible to play for Nigeria, but he seems to have expressed his preference to represent his country of birth.

And he may benefit from the ankle injury picked up by clubmate Shane Long as Ireland prepare to host Michael O’Neill’s Northern Ireland in a friendly on Thursday.

Liverpool youngster Caoimhin Kelleher could also feature for the first time as he was retained as one of three goalkeepers in the final squad.

Ireland manager Martin O’Neill confirmed that Glenn Whelan will captain the side on what is set to be his 85th and final appearance for his country.

The 34-year-old midfielder hasn’t formally announced his retirement but he hasn’t been called up since the World Cup play-off defeat to Denmark last November.

And the Aston Villa man will not travel on with the squad to Aarhus for the UEFA Nations League closer against the Danes on Sunday.

Robbie Brady also looks set to make his first international appearance since the Denmark play-offs after returning to action following a horrific leg break sustained in December.

Meanwhile, Ireland under-19 captain and Manchester United defender Lee O’Connor has been brought into the training squad but won’t be considered for selection.

Republic of Ireland squad to face Northern Ireland and Denmark:
Goalkeepers: Darren Randolph, Colin Doyle, Caoimhin Kelleher.

Defenders: Seamus Coleman, Cyrus Christie, Matt Doherty, Richard Keogh, Shane Duffy, Kevin Long, John Egan, Darragh Lenihan, Lee O’Connor*, Enda Stevens.

Midfielders: Robbie Brady, Jeff Hendrick, Glenn Whelan, Conor Hourihane, Harry Arter, David Meyler, Shaun Williams, Alan Browne, Callum O’Dowda, James McClean.

Forwards: Scott Hogan, Sean Maguire, Callum Robinson, Aiden O’Brien, Ronan Curtis, Michael Obafemi.

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NEWS

Zenith Bank/Delta Principals’ Cup: Young Strikers On The Rampage, As LG Stage Draws To A Close

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Youthful strikers competing at the ongoing Principals’ Cup competition for Secondary Schools in Delta State are making headlines with their beautiful displays.

The competition sponsored by Zenith Bank Plc is still at the stage whereby schools are jostling to pick the sole ticket to represent each of the 25 Local Governments in the state.

It was three years ago that the Governor Ifeanyi Okowa-led administration of Delta State revived the tournament which was in limbo for over 25 years in a partnership with Zenith Bank.

The results so far in the Local Governments indicate that more goals are being scored in the current edition of the annual tournament. In the Aniocha South LG match between Comprehensive Secondary School, Ogwa and St Anthony Secondary School, George Favour was on the rampage with four goals in the 4-1 victory recorded by the Ogwa team.

While fans of the game were still expressing delight about the feat achieved by Favour, Lucky Obiego also achieved similar feat in the final match of the Oshimili North LG decided only yesterday.

Lucky scored three goals within 15 minutes for Thomas Ibusa Secondary school in their 5-0 thrashing of Ugbolu Secondary School. He registered the 2nd, 3rd and 4th goals for his team in the 25th, 26th and 40th minutes respectively.

His feat was enough to earn his school a place in the zonal stage of the competition which is scheduled for January. It will be recalled that the highest scorers in the past two editions of the tournament were rewarded handsomely during the closing ceremony of the event.

Eyiyemi Stanley also recorded a brace for Beach Secondary School in their 3-1 win over Christ The Saviour International School.

Meanwhile, many of the LGs have fixed their final dates to conform totally with the schedule of the organizers.

For example, Ughelli South LG and Isoko North LG are expected to stage their finals on November 15 (Thursday) respectively.

The ongoing LG stage of the competition ends next week.

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SPORT

Amangbo Promises More Support As First Bank Retains Title

Gbemileke Ajayi

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Group Managing Director/Chief Executive Officer of Zenith Bank, Peter Amangbo, has assured the Nigeria Basketball Federation (NBBF) that the bank will continue to support women basketball in the country.

Speaking at the final of the 14th edition of the women’s league sponsored by the bank, Amangbo said it was no longer a sponsorship but a partnership that would stay for many more years.

Amangbo expressed his happiness on the level of the competition this year despite the fact that it was an abridged league as he extolled the virtues of the late owner of one of the finalists, Dolphins Basketball team, late Wale Aboderin, who died early this year.

“I want to use this opportunity to remember a personal friend of mine and also the owner of Dolphins Women Team, Aboderin,” he said.

“We all missed him today and the whole of the basketball family but I am happy that the players and the family are living his dream.

“I want to assure everyone that it is no longer a sponsorship, but a partnership with the NBBF that will last for long.

“I want to appeal to all the players to be more dedicated and focused on their careers and also look up to the future.”

Meanwhile, defending champions, First Bank Basketball team, retained their title after defeating youthful Dolphins.

Despite a late rally by Dolphins led by Veronica Charles in the third and fourth quarters of the game, First Bank held on for the victory with 84 points to 66 points.

In the third place game played between Customs Basketball and new entrants to the league, MFM basketball team, ended 57 – 49 in favour of the border girls.

The Final Six final match was witnessed by a huge turnout of lover of the game.

The event started only on Sunday and the two finalists will represent Nigeria next week in continental basketball competition.

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